Personal CFO Solutions LLC Lowers Position in AT&T Inc. (NYSE:T)

Personal CFO Solutions LLC lowered its position in shares of AT&T Inc. (NYSE:T - Free Report) by 14.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,687 shares of the technology company's stock after selling 13,615 shares during the period. Personal CFO Solutions LLC's holdings in AT&T were worth $1,860,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of T. Amundi lifted its stake in shares of AT&T by 19.8% in the 4th quarter. Amundi now owns 33,963,826 shares of the technology company's stock valued at $753,318,000 after purchasing an additional 5,614,168 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in AT&T by 18.0% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 48,567 shares of the technology company's stock worth $1,106,000 after buying an additional 7,394 shares during the period. Naviter Wealth LLC acquired a new position in AT&T during the 4th quarter worth approximately $308,000. Rialto Wealth Management LLC acquired a new position in AT&T during the 4th quarter worth approximately $78,000. Finally, Intellectus Partners LLC raised its stake in AT&T by 5.4% during the 4th quarter. Intellectus Partners LLC now owns 14,634 shares of the technology company's stock worth $333,000 after buying an additional 750 shares during the period. Institutional investors own 57.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on T shares. JPMorgan Chase & Co. upped their price target on AT&T from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 4th. Morgan Stanley raised AT&T from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $19.00 to $28.00 in a research note on Monday, December 16th. Sanford C. Bernstein upped their price target on AT&T from $28.00 to $29.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 28th. Scotiabank upped their price target on AT&T from $26.00 to $28.50 and gave the stock a "sector outperform" rating in a research note on Monday, March 3rd. Finally, New Street Research raised AT&T from a "neutral" rating to a "buy" rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $26.74.

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AT&T Stock Performance

Shares of T stock traded up $0.42 during trading on Friday, hitting $27.15. The company's stock had a trading volume of 35,337,449 shares, compared to its average volume of 40,747,570. The company has a market cap of $194.85 billion, a PE ratio of 18.22, a P/E/G ratio of 3.00 and a beta of 0.56. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $24.30 and a 200-day moving average of $22.84. AT&T Inc. has a 52 week low of $15.94 and a 52 week high of $27.97.

AT&T (NYSE:T - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, research analysts anticipate that AT&T Inc. will post 2.14 earnings per share for the current year.

AT&T Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.2775 per share. This represents a $1.11 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Friday, January 10th. AT&T's dividend payout ratio (DPR) is 74.50%.

AT&T Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.